First American Title Insurance Co of Texas

About First American Title Insurance Co of Texas

First, you find the home of your dreams, and then you make SURE that the party selling it is really entitled to sell it -- that's where First American Title steps in to help. First American Title Insurance's products protect real estate buyers and mortgage lenders with coverage against any title "defects" such as outstanding liens or other encumbrances. It is one of the largest title insurance providers in the US with offices in all 50 states nationwide. While the US accounts for the bulk of its business, it also operates directly and through joint ventures in countries around the world. First American Title is the largest subsidiary of First American Financial.

Operations

First American Title offers title insurance for commercial and residential property purchases, construction, refinances, and equity loans. It provides closing and escrow services, accommodates tax-deferred exchanges of real estate, maintains and provides access to title plant records and images, and provides banking, trust, and investment advisory services.

Geographic Reach

The company offers title insurance coverage in North America, Latin America, South America, Europe, Asia, and elsewhere.

It issues policies in the 49 states that permit title policies and in the District of Columbia. First American Title also offers title, closing, and related services, directly or through third parties, in Canada, the UK, Australia, and various other markets.

Financial Performance

Title insurance and services provide 92% of parent First American Financial's revenues. In 2014 the Title Insurance and Services segment declined 7% to $4.3 billion on reduced direct premiums and escrow fees. Domestic title orders slipped that year, although the average revenue per order closed increased.

Additionally, net investment income declined that year.

Mergers and Acquisitions

From time to time, the company grows through acquisitions. In 2015 it acquired TitleVest Holdings, a New York-based title agency.